New Gold (NGD) Shares Cross Below 200 DMA

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In trading on Friday, shares of New Gold Inc. (Symbol: NGD) crossed below their 200 day moving average of $6.12, changing hands as low as $6.00 per share. New Gold Inc. shares are currently trading off about 2.9% on the day. The chart below shows the one year performance of NGD shares, versus its 200 day moving average: New Gold Inc. 200 Day Moving Average Chart

Looking at the chart above, NGD's low point in its 52 week range is $4.68 per share, with $9.89 as the 52 week high point - that compares with a last trade of $6.04.

According to the ETF Finder at ETF Channel, NGD makes up 2.11% of the Gold Miners ETF (Symbol: GDX) which is trading lower by about 2.3% on the day Friday.

Click here to find out which 9 other metals stocks recently crossed below their 200 day moving average »




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Commodities

Referenced Stocks: NGD , GDX

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